Stratasys (NASDAQ:SSYS) Hits New 52-Week Low - Time to Sell?

Key Points

• Stratasys shares fell to a new 52-week low, reaching $6.67 and last trading at $6.80, below both the 50-day ($7.73) and 200-day ($8.72) moving averages.
• Analyst sentiment is mixed: Weiss Ratings maintained a “sell” rating, while Zacks Research downgraded the stock to “hold.” Despite this, the broader analyst consensus remains “Moderate Buy,” with a $12.33 price target.
• The company reported $137.61 million in quarterly revenue and $0.03 EPS, but continued to post a negative net margin of 21.05%; analysts expect a full-year loss of $0.19 per share. Institutional investors own approximately 75.77% of the stock.

Shares of Stratasys, Ltd. (NASDAQ:SSYS - Get Free Report) reached a new 52-week low during mid-day trading on Friday. The stock traded as low as $6.67 and last traded at $6.80, with a volume of 111,081 shares changing hands. The stock had previously closed at $7.03.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Stratasys in a research report on Tuesday, August 18th. Zacks Research lowered Stratasys from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 25th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Stratasys has a consensus rating of "Moderate Buy" and a consensus price target of $12.33.

Stratasys Stock Performance

The business's 50-day moving average is $7.73 and its 200 day moving average is $8.72. The company has a market cap of $594.54 million, a PE ratio of -5.05 and a beta of 1.99.

Stratasys (NASDAQ:SSYS - Get Free Report) last released its earnings results on Wednesday, July 1st. The technology company reported $0.03 EPS for the quarter. Stratasys had a negative return on equity of 1.77% and a negative net margin of 21.05%. The company had revenue of $137.61 million during the quarter. Equities research analysts anticipate that Stratasys, Ltd. will post -0.19 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Counterpoint Mutual Funds LLC purchased a new stake in Stratasys during the 3rd quarter worth approximately $941,000. Kopion Asset Management LLC raised its holdings in Stratasys by 11.0% in the third quarter. Kopion Asset Management LLC now owns 1,052,341 shares of the technology company's stock valued at $8,745,000 after acquiring an additional 104,371 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Stratasys by 860.9% in the third quarter. Farther Finance Advisors LLC now owns 3,565 shares of the technology company's stock valued at $30,000 after buying an additional 3,194 shares in the last quarter. Moody National Bank Trust Division increased its stake in Stratasys by 6.5% in the third quarter. Moody National Bank Trust Division now owns 89,038 shares of the technology company's stock valued at $740,000 after purchasing an additional 5,401 shares during the last quarter. Finally, Tidal Investments LLC lifted its position in Stratasys by 116.7% in the second quarter. Tidal Investments LLC now owns 128,353 shares of the technology company's stock valued at $1,099,000 after acquiring an additional 69,115 shares during the last quarter. Institutional investors and hedge funds own 75.77% of the company's stock.

About Stratasys

Stratasys Ltd. NASDAQ: SSYS is an additive manufacturing company that develops and supplies 3D printing systems, materials, software and related services. Its technologies are designed for prototyping, tooling and production applications across a range of industries.

The company's portfolio includes polymer-based 3D printing platforms using technologies such as Fused Deposition Modeling, PolyJet and stereolithography. Stratasys also provides proprietary printing materials, workflow and design software, technical support, and manufacturing services.

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